Oireachtas Joint and Select Committees

Tuesday, 21 February 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland: Discussion (Resumed)

4:00 pm

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

The vulture funds concern all of us - at least, those of us in this committee. Regarding those who have their loans or debts transferred from a bank without notice to one of these vulture funds, is there room for a benevolent fund or friendly vulture fund that would begin to relieve the banks of their debts and give the opportunity to customers to work out their debts on the basis of this same discount as a vulture fund?